What changed in this filing

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Item 4. Controls and Procedures

2025-07-10 compared with 2025-04-30 · 23 added, 4 removed, 16 unchanged (63% of the section changed)

3 unchanged sentences

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time period specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management including our Chief Executive Officer, Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Our Chief Executive Officer and Chief Financial Officer carried out an evaluation with the participation of management of the effectiveness of our disclosure controls and procedures as of the end of the quarter ended February 28, 2025, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934.

Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that that during the period covered by this report, our disclosure controls and procedures were effective.

We maintain disclosure controls and procedures

that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities

Exchange Act of 1934 is recorded, processed, summarized and reported within the time period specified in the SEC’s rules and

forms, and that such information is accumulated and communicated to management including our Chief Executive Officer, Chief

Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Our Chief Executive Officer and Chief

Financial Officer carried out an evaluation with the participation of management of the effectiveness of our disclosure controls and

procedures as of the end of the quarter ended May 31, 2025, as such term is defined in Rules 13a-15(e) and 15d-15(e) under

the Securities Exchange Act of 1934.

Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded

that that during the period covered by this report, our disclosure controls and procedures were ineffective.

has identified the following material weaknesses which are not yet remediated.

Management continues to devote significant planning and

execution efforts toward remediation these material weaknesses:

controls over the preparation of expense accruals and detecting errors in expense accruals

through our financial close process are ineffective, and

controls over the accounting of short-term investments and detecting errors in asset classification

through our financial close process are ineffective.

plans to remediate the material weakness by enhancing our processes to identify and appropriately apply applicable accounting requirements

and increased communication among our personnel and third-party professionals with whom we consult regarding accounting applications.

The elements of our remediation plan can only be accomplished over time, and we can offer no assurance that these initiatives will ultimately

have the intended effects.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the quarter ended February 28, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

There were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the quarter ended May 31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on Effectiveness of Internal Controls

10 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures